US EditionComcast sheds more broadband customers as wireless competition mounts
Comcast lost 181,000 broadband customers but gained 364,000 mobile lines and saw a 22% rise in theme-park revenue, reaching about $2.9 billion, reflecting a strategic business shift.
- On Jan 29, Comcast said it lost 181,000 domestic broadband customers in the fourth quarter, reporting results for the period ended Dec. 31 with $32.3 billion revenue.
- Rival fiber and fixed‑wireless offers deepened competition in the U.S. broadband market, accelerating Cord Cutting 2.0 and subscriber losses for Comcast in the fourth quarter.
- Comcast's wireless division added 364,000 domestic lines, reaching more than 9.3 million customers, while Theme Parks revenue rose 22% to $2.9 billion after Epic Universe opened last year.
- Financially, Comcast said net income fell roughly 54.6% to $2.17 billion, while adjusted EBITDA declined 10.3 to $7.9 billion and adjusted net income was $3.06 billion .
- Comcast is shifting strategy toward mobile and bundling after spinning off most cable networks into Versant Media Group, though analysts do not expect meaningful customer growth until 2027.
14 Articles
14 Articles
Comcast sheds more broadband customers as wireless competition mounts
Comcast lost more broadband customers than expected in the fourth quarter, as rivals lured away consumers with aggressive offers, piling pressure on the company’s mainstay business.Read MoreThe post Comcast sheds more broadband customers as wireless competition mounts first appeared on The Who Dat Daily.The post Comcast sheds more broadband customers as wireless competition mounts appeared first on The Who Dat Daily.
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